Finance Minister Nirmala Sitharaman. File | Photo Credit: PTI Responding to a question on freebies, Finance Minister Nirmala Sitharaman, who was participating in the 75th year celebrations of Panchjanya — an RSS-linked magazine, said that freebies are something that everyone is talking about these days and everyone traps others on the same subject. “People try … Read more
Finance minister Nirmala Sitharaman said interest rate increases won’t affect the government’s spending plans in a conversation with Bodhisatva Ganguli at the Economic Times Awards for Corporate Excellence in Mumbai on Saturday. The winner of the Business Reformer of the year award also said that India’s reforms and measures on crypto assets have been lauded … Read more
Sri Lankan Finance Minister Ali Sabry resigned Tuesday just a day after he was appointed to the post by President Gotabaya Rajapaksa, as the island nation suffers a crippling economic crisis. “Whilst I regret the inconvenience caused, I believe I have always acted in the best interests of the country,” a statement from Sabry said, … Read more
India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday. In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the … Read more
Finance Minister Nirmala Sitharaman on Tuesday said the Union Budget lays down the foundation to steer the economic developments for the next 25 years with holistic and future priorities. In her Budget Speech in the Lok Sabha, the minister said the Union Budget for 2022-23 seeks to lay the foundation and give a blueprint to … Read more
Ahead of the GST Council meeting, several states on Thursday flagged higher tax rate on textile products from January 1 and demanded that the rate hike be put on hold. In the pre-budget meeting chaired by Union Finance Minister Nirmala Sitharaman, states like Gujarat, West Bengal, Delhi, Rajasthan and Tamil Nadu said that they are … Read more
Union Finance Minister Nirmala Sitharaman announced clearance of two proposals worth Rs 469 crore of the International Financial Services Centres Authority (IFSCA) at GIFT City here during her one-day visit on Saturday. Sitharaman announced formal clearance of Rs 269.05 crore for supervisory technology fund for IT infrastructure and Rs 200 crore for headquarter building, the … Read more
The Centre will provide Rs 95,082 crore to states in November, including the advance release of one instalment of central tax devolution, to help them drive up capital expenditure and aid growth. Two instalments – of Rs 47,541 crore each – together instead of one will be released to states on November 22, union finance … Read more
Institutions such as United Nations, World Bank and International Monetary Fund need to be urgently reformed as they no longer speak for countries whose issues have remained unattended to for decades, Finance Minister Nirmala Sitharaman said. All these organizations will have to look at reforming themselves, she said here at Harvard Kennedy School on Tuesday. … Read more
Finance minister Nirmala Sitharaman said public sector banks were in better position now, as she urged all banks embrace digitisation to ensure government schemes reached the poor. Speaking at the centenary celebrations of Tamilnad Mercantile Bank, Sitharaman said Rs 1,500 was given out in three installments to the needy directly in their bank accounts during … Read more